It's only been about a month since Trans Island Traders Ltd. bought the City Market chain of food stores, but company CEO Mark Finlayson has said the downward financial spiral endured by the chain has ended.
Shrinkage (loss by theft and spoiled goods), major refrigeration problems and issues with creditors brought City Market to near closure a month ago, said Finlayson as he monitored the restocking of shelves at their Cable Beach store yesterday.
Finlayson explained that things were so bad that prior to November 12, customer traffic had dipped to less than half of what it was the same time in 2009.
"It was down to 49 percent. Two weeks ago it was at 51 percent. I just recently looked a ...

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